Radnor Capital Management LLC Sells 3,900 Shares of Aflac Incorporated (NYSE:AFL)

Radnor Capital Management LLC lessened its holdings in Aflac Incorporated (NYSE:AFL) by 5.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,267 shares of the financial services provider’s stock after selling 3,900 shares during the period. Aflac comprises approximately 1.1% of Radnor Capital Management LLC’s holdings, making the stock its 14th biggest position. Radnor Capital Management LLC’s holdings in Aflac were worth $6,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in Aflac by 10,878.5% in the third quarter. International Assets Investment Management LLC now owns 559,903 shares of the financial services provider’s stock worth $62,597,000 after acquiring an additional 554,803 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Aflac by 471.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 600,000 shares of the financial services provider’s stock valued at $67,080,000 after acquiring an additional 495,000 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Aflac by 670.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 556,576 shares of the financial services provider’s stock worth $57,572,000 after purchasing an additional 484,378 shares in the last quarter. Truist Financial Corp raised its holdings in Aflac by 26.6% in the 2nd quarter. Truist Financial Corp now owns 1,929,662 shares of the financial services provider’s stock worth $172,338,000 after purchasing an additional 405,847 shares during the period. Finally, World Investment Advisors LLC purchased a new position in Aflac during the third quarter valued at $42,290,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Activity

In related news, EVP Audrey B. Tillman sold 24,744 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $103.40, for a total transaction of $2,558,529.60. Following the sale, the executive vice president now owns 222,618 shares in the company, valued at approximately $23,018,701.20. This represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. TD Cowen initiated coverage on Aflac in a research report on Wednesday, October 9th. They issued a “hold” rating and a $102.00 price target for the company. Piper Sandler increased their target price on shares of Aflac from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on shares of Aflac from $103.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Keefe, Bruyette & Woods dropped their price target on shares of Aflac from $108.00 to $107.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. Finally, StockNews.com upgraded shares of Aflac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Aflac currently has a consensus rating of “Hold” and a consensus price target of $102.07.

Aflac Stock Up 1.0 %

Shares of AFL opened at $103.52 on Wednesday. The business’s 50 day simple moving average is $106.55 and its 200-day simple moving average is $105.12. Aflac Incorporated has a 1 year low of $75.07 and a 1 year high of $115.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $57.51 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.09 and a beta of 1.00.

Aflac (NYSE:AFL) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $1.69 by $0.47. Aflac had a net margin of 22.02% and a return on equity of 16.34%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business earned $1.84 earnings per share. Aflac’s quarterly revenue was down 40.4% compared to the same quarter last year. As a group, equities analysts expect that Aflac Incorporated will post 7.27 earnings per share for the current fiscal year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 19th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Aflac’s previous quarterly dividend of $0.50. This represents a $2.32 dividend on an annualized basis and a yield of 2.24%. Aflac’s dividend payout ratio is 34.94%.

About Aflac

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.